Eurozone manufacturing orders gain momentum in October

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Peter Spence

Expansion in Eurozone manufacturing orders has picked up in October, according to new purchasing managers' index (PMI) data from Markit.

The headline manufacturing PMI figure rose from 51.1 to 51.3, in-line with analyst predictions of an increase to 51.3. Any number above 50 implies expansion, so manufacturing orders appear to be gaining at a faster rate.

Of the euro area's large economies, only Germany beat expectations this month.

Spain: 50.9, up from 50.7 (50.9 expected)Italy: 50.7, down from 50.8 (51.0 expected)France: 49.1, down from 49.8 (49.4 expected)Germany: 51.7, up from 51.1 (51.5 expected)